LV: Latvia could borrow up to EUR 1bn next year.

By bne IntelliNews November 30, 2011
FinMin Andris Vilks believes that Latvia could borrow from EUR 500mn to EUR 1bn in the international markets next year, while adding that there was no rush with this either. In June 2011 Latvia placed an issue of USD 500mn 10-year eurobonds yielding 5.491% annually. The placement was organised by Credit Suisse and Citi. FinMin representatives commented that for a few days prior to the placement, the ministry held a road-show in London and US. Fitch rated the eurobond issue at BBB-, in line with the countrys sovereign long-term crediting rating (outlook positive). This made the first placement of eurobonds since the beginning of 2008.

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